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Core Personal Consumption Expenditures Price Index (Monthly) Announced 0.3% – Expected 0.3% – Previous 0.3%
Personal Consumption Expenditures Price Index (Annual) Announced 3.6% – Expected 3.6% – Previous 3.4%
Personal Consumption Expenditures Price Index (Monthly) Announced 0.5% – Expected 0.5% – Previous 0.3%
According to The Kobeissi Letter, US September PCE inflation, the Fed’s preferred measure of inflation, rose to 3.6%. Core PCE inflation also increased to 3.1%, a 0.3% increase compared to the previous month. This officially confirms that CPI, PPI, and PCE inflations are all rising again. The report suggests that, based on these data, a rate hike is imminent in December.
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